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The monocalcium/dicalcium phosphate market is projected to witness a compounded annual growth rate of 3.81% to grow to US$593.249 million by 2027, from US$456.611 million in 2020.Monocalcium phosphate is a phosphate supplement that is extremely important in theanimal feedsector. It delivers calcium and phosphorus to animals, which aids in their metabolism and the proper functioning of their neurological, immunological, and reproductive systems.
In the pharmaceutical sector, dicalcium phosphate, on the other hand, is utilized as a nutritional supplement. Growing worries about diseases caused by a deficiency of calcium and phosphate in living creatures, such as osteoporosis and others, are driving demand among end-users for these bio-chemicals from numerous sources that contain them. The increasing use in a variety of applications, including food, beverages, animal feed, fertilizers, and others, is expected to be a major growth driver for the monocalcium/dicalcium phosphate market.
Market Trends With the increased demand for nutritional animal feed has resulted from the growing practice of animal husbandry as a company for profit. Many governments, both developed and developing, encourage farmers to engage in animal husbandry activities such as poultry farming, fish farming, and apiculture, among others. For example, in June 2020, the Indian government launched a Rs 15,000 crore infrastructure investment initiative with an interest subsidy scheme to encourage private players and MSMEs to invest in dairy, meat processing, and animal feed industries, resulting in the creation of 3.5 million employment. In addition, Prime Minister Narendra Modi convened a Cabinet meeting that authorized the Animal Husbandry Infrastructure Development Fund (AHIDF).
Growth Factors Growing usage in application industries The rise in the application industries is a major factor expected to increase the demand for monocalcium/dicalcium phosphates during the forecast period. Calcium phosphates are utilized in a wide range of applications, including food, pharmaceuticals, food supplements, feed, and dentifrices. Monocalcium Phosphate is used as a raising agent in the food business for chemically leavened baked products, baking powders, readymade cake mixes, self-rising flour, pancake mixes, and other products. It can also be used in dry beverage mixes as a buffer and acidulant.
Dicalcium Phosphate is a calcium and phosphorus nutrient found in foods, beverages, and nutritional supplement products. It can be used to replace titanium dioxide as a bleaching agent and as a resource of heat-triggered acidity for leavening. Nutritional drinks, vitamin premixes, and triturations all benefit from this component. For instance, Apollo Health Venture, a leading dicalcium phosphate manufacturer, announced the launch of its venture fund in December 2021, intending to develop a data-driven portfolio of health tech and biotechnology aimed at extending human healthspan.
Restraints The market is restrained by rising raw material costs and a global shortage of phosphate sources, which is a non-renewable resource. For instance, the United States Geological Survey (USGS) estimated that there were 71 billion tonnes of economically extractable phosphate rock reserves globally in 2021, whereas global mining production was 223 million tonnes in 2020. The reserves would endure for 260 years, assuming no expansion.
Market Segmentation: BY FORM
BY APPLICATION
Animal Feed Food, Beverage & Nutrition Fertilizers
BY GEOGRAPHY
North America USA Canada Mexico South America Brazil Argentina Europe UK Germany France Middle East and Africa Saudi Arabia UAE Israel Asia Pacific China India Japan South Korea Taiwan Thailand Indonesia Others
Key Topics Covered: 1. INTRODUCTION 2. RESEARCH METHODOLOGY 3. EXECUTIVE SUMMARY 4. MARKET DYNAMICS 5. MONOCALCIUM/DICALCIUM PHOSPHATE MARKET, BY FORM 6. MONOCALCIUM/DICALCIUM PHOSPHATE MARKET, BY APPLICATION 7. MONOCALCIUM/DICALCIUM PHOSPHATE MARKET, BY GEOGRAPHY 8. COMPETITIVE ENVIRONMENT AND ANALYSIS 9. COMPANY PROFILES
Companies Mentioned
Phosagro CKL Africa Ltd. AG Chemi Group Intersac Pangoo International Limited Polifar Group Limited Nordfeed Rajvi Enterprise Foodchem International Corporation
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